Cost of Living in Wapello County, Iowa

$950/mo
Median Monthly Rent
$112,900
Median Home Value
17% above state averageUnaffordable

At a Glance

Median Monthly Rent
$950/mo
17% above state average
Median Home Value
$112,900
60% below national
Rent-to-Income Ratio
28.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Wapello County Compares

Median monthly rent comparison

Wapello County$950/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$950/mo
Median Gross Rent
$112,900
Median Home Value
$831/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wapello County, Iowa

Wapello rents strain household budgets

Wapello County residents spend 19.0% of household income on rent, nearly a third higher than Iowa's 14.1% state average and significantly above the national benchmark. At $950 monthly, rents here exceed the state median by $138, making housing a heavier financial burden.

Among Iowa's least affordable counties

Wapello ranks in the bottom tier of Iowa counties for rental affordability, with only a handful of counties showing worse rent-to-income ratios. This designation signals that renters here face above-average cost pressure compared to their peers across the state.

Higher rents than surrounding counties

Wapello's $950 monthly rent exceeds neighboring Van Buren by $264 and surpasses Wayne County by $290, making it the region's rental cost leader. Even compared to more affluent Warren County, Wapello's rent-to-income burden (19.0%) is worse, despite lower absolute incomes.

Housing squeezes Wapello budgets tight

Wapello households earning $60,034 annually spend $950 on rent, consuming one-fifth of gross income before taxes and other essentials. Homebuyers fare slightly better at $831 monthly, but the county's overall affordability challenge persists for both renters and owners.

Relocating? Compare Wapello carefully

Wapello's 19.0% rent-to-income ratio signals tighter housing affordability than most Iowa alternatives—consider nearby Van Buren, Wayne, or Webster counties where your income stretches further. If Wapello's community draws you, budget conservatively and prioritize employment that exceeds the county's $60,000 median income.

Affordability Calculator

See how your income compares to housing costs in Wapello County

$

Rent Burden

19.0%

of gross income

Max Housing (28% Rule)

$1,401

per month

Owner Cost Burden

16.6%

of gross income

You can likely afford the median home in Wapello County

Median home value is $112,900. Estimated monthly cost: $901 vs. your max of $1,401.

Rent Affordability Guide

Your rent-to-income ratio19.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wapello County, Iowa?
Wapello County, Iowa has a median monthly rent of $950/mo and a median home value of $112,900. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Wapello County?
The median gross rent in Wapello County is $950/mo. This is 17% above state average for Iowa.
Is Wapello County affordable?
Wapello County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wapello County's rent compare to the state average?
Wapello County's median rent of $950/mo is 17% above state average of $812/mo for Iowa.
What is the median home value in Wapello County?
The median home value in Wapello County, Iowa is $112,900. This is 60% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.